Overview
What is The Soar Foundation?
The Soar Foundation is a nonprofit organization situated in Fremont, California. Their primary mission is to provide scholarships to high school and college students residing in impoverished rural areas of China. These scholarships cover various expenses, including living costs, tuition, and necessary supplies, for a year of education. Additionally, the foundation has expanded its mission to aid preschoolers in these regions, demonstrating a commitment to supporting education at all levels.
Official website here: www.soaronline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
The Soar Foundation has received a low score of 58% from Charity Navigator, indicating concerns regarding accountability and financial practices. Notably, the organization lacks independent board members and significant financial transparency, as evidenced by missing financial statements and policies such as conflict of interest and whistleblower guidelines. Despite these shortcomings, the charity maintains a strong program expense ratio of 91.47%, suggesting that a large portion of funding is directed towards its mission.
User reviews from Great Nonprofits present a more favorable view of The Soar Foundation, with donors and volunteers praising its commitment to supporting underprivileged students in China and Taiwan. Reviewers highlight the organization's effectiveness in providing scholarships, with nearly 20,000 scholarships disbursed over 15 years, significantly impacting the lives of students who might otherwise not have had the opportunity to pursue education. The foundation operates entirely with volunteers, which minimizes overhead costs and ensures that donations are used primarily for student support.
While the feedback showcases the positive outcomes of The Soar Foundation's programs, the critiques regarding governance and financial transparency from Charity Navigator warrant consideration. Potential donors and supporters should weigh the organization’s impactful work against its operational challenges, especially in terms of financial accountability and policy establishment.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Soar Foundation legitimate?
The Soar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Soar Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $20,938
Other Salaries and Wages: $8,785
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Official website here: www.soaronline.org
What is the mission statement of The Soar Foundation?
The Soar Foundation's primary mission is to provide scholarships to high school and college students hailing from impoverished rural areas in China. In addition to this, the foundation has expanded its mission to assist preschoolers as well. The scholarships offered by The Soar Foundation cover the living expenses, tuition fees, and educational supplies for a year of schooling for each recipient. This philanthropic organization aims to contribute to the education of underprivileged students, thereby providing them with opportunities for a better future.
Official website here: www.soaronline.org
What is the revenue of The Soar Foundation?
The Soar Foundation's revenue in 2023 was $1,661,698.
Official website here: www.soaronline.org
Who are the executives of The Soar Foundation and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.soaronline.org
Where can I find the form 990 for The Soar Foundation?
The Soar Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.soaronline.org
Learn more at the official website: www.soaronline.org
Mission Statement of The Soar Foundation
The Soar Foundation, as a philanthropic organization, is dedicated to granting scholarships to students from rural areas in China who are in need. Initially, its mission focused on providing senior high school and college scholarships, covering the living costs, tuition, and necessary supplies for a year of education. Recently, the foundation has expanded its mission to include preschoolers as well, aiming to support their educational needs. By offering these scholarships, The Soar Foundation aims to contribute to the education and future prospects of disadvantaged students in China.
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Impact
July, 2024
The Soar Foundation's impact can be seen in the lives of high school and college students in rural areas of China living in poverty. By providing scholarships that cover living costs, tuition, and supplies for a year of schooling, the foundation is enabling these students to access education and pursue their dreams. Additionally, the foundation has extended its mission to support preschoolers, further expanding its reach and impact in the education sector. Through its focus on education, The Soar Foundation is making a meaningful difference in the lives of individuals facing challenges in accessing quality education.
This information is meant to be a general summary of The Soar Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $135,509
- Gross Receipts: $1,661,698
Assets and Liabilities:
- Total Assets: $4,597,945
- Total Liabilities: $0
- Net Assets: $4,597,945
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Organization Details
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